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FBI Confirms North Korea Behind $1.5B Bybit Crypto Theft
In a shocking revelation, the Federal Bureau of Investigation (FBI) has confirmed that North Korea is behind a massive crypto theft of $1.5 billion from Bybit, a prominent digital currency exchange. This alarming incident highlights the rising cyber threats posed by the rogue nation’s hackers.
According to reports, the heist targeted Bybit’s Ethereum cold wallet, where over 400,000 ETH was drained and transferred to unknown addresses. Investigations suggest that an attacker compromised a Safe dev’s device, allowing malicious code to be inserted into the platform’s frontend, altering transaction parameters.
This cyber attack nearly doubles the amount stolen in digital assets by North Korea in the past year alone. A previous incident in December saw a North Korean group steal $308 million from DMM Bitcoin, a Japanese exchange. The Bybit hack highlights the alarming rate at which North Korea is exploiting vulnerabilities to finance its regime.
In response to this attack, authorities are working diligently to track and recover the stolen assets. This effort involves international cooperation with partners worldwide to prevent laundering and convert the funds into fiat currencies.
Security experts have expressed concern that major exchanges will continue to be targeted as cryptocurrency maintains significant financial value. As a result, Bybit’s team has collaborated with forensic specialists to conduct a comprehensive breach investigation and implement additional security enhancements to ensure customer safety.
North Korea’s cyber-warfare capabilities continue to expand, warranting heightened vigilance from international authorities and the global crypto community.
Source: https://cryptonewsland.com/fbi-confirms-north-korea-behind-1-5b-bybit-crypto-theft/
